E-Commerce Giant Amazon Ordered To Recall Over 400K Hazardous Products Sold On Its Site By US Federal Agency
Portfolio Pulse from Ananya Gairola
The U.S. Consumer Product Safety Commission (CPSC) has ordered Amazon to recall over 400,000 hazardous products sold on its platform, including faulty carbon monoxide detectors, hairdryers without electrocution protection, and children's sleepwear that violates federal flammability standards. Amazon is required to submit plans to notify customers and remove these products from circulation. The company plans to appeal the ruling.
July 31, 2024 | 9:25 am
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Amazon has been ordered by the CPSC to recall over 400,000 hazardous products sold on its platform. The company is required to submit plans to notify customers and remove these products from circulation. Amazon plans to appeal the ruling.
The recall order from the CPSC could negatively impact Amazon's reputation and lead to potential legal and financial consequences. The company's appeal indicates a contentious regulatory environment, which may create short-term uncertainty for investors.
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